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TAX RATE AND TAX HISTORY OF MUD #186
The District, since its inception, has
experienced both some gradual and some explosive
development. Bringing water to residents and
commercial establishments within the District is
a challenge that requires lots of planning and
money. As necessity dictated, bonds have been
sold to finance such high cost projects as
transmission lines for water and a second ground
water storage tank to guarantee a water supply
during peak usage times. The District is
empowered to levy and collect an ad valorem debt
service tax sufficient to pay interest and
principal on the bonds.
Each year over the last fifteen years, the
Harris County Municipal Utility District No.186
has reduced or maintained its tax rate per $100
of assessed valuation. (see chart below) The tax
rate for 2005 is 52.5% of what it was in 1990.
|
YEAR |
TAX RATE per $100 assessed valuation |
LEVY AMOUNT |
|
2005 |
.630000 |
1,297,140.53 |
|
2004 |
.660000 |
1,265,982.65 |
|
2003 |
.780000 |
1,447,445.22 |
|
2002 |
.780000 |
1,517,286.18 |
|
2001 |
.783050 |
1,441,330.00 |
|
2000 |
.783050 |
1,297,282.12 |
|
1999 |
.904000 |
1,350,977.60 |
|
1998 |
.907000 |
1,301,686.22 |
|
1997 |
.994360 |
1,387,078.93 |
|
1996 |
1.070000 |
1,410,921.50 |
|
1995 |
1.090000 |
1,375,887.33 |
|
1994 |
1.170000 |
1,410,166.96 |
|
1993 |
1.200000 |
1,335,325.20 |
|
1992 |
1.200000 |
1,266,335.40 |
|
1991 |
1.200000 |
1,388,175.96 |
|
1990 |
1.200000 |
1,300,614.17 |
|
1989 |
1.050000 |
916,802.97 |
|
1988 |
1.000000 |
795,359.60 |
|
1987 |
1.000000 |
752,865.63 |
|
1986 |
1.000000 |
694,294.33 |
|
1985 |
1.000000 |
528,149.70 |
|
1984 |
1.000000 |
456,386.70 |
|
1983 |
1.000000 |
379,298.90 |
In 2003, the District granted a 20%
residential homestead exemption to all
qualifying residents in addition to a $10,000
exemption for the elderly and disabled. These
exemptions have been extended for the 2006-year.
The District’s goals are to provide a quality
water supply, a safe sewer system, and excellent
service, and, if possible, a decreasing tax
rate.
With this goal in mind, the District entered
into a Strategic Partnership Agreement, a
limited-purpose annexation agreement, with the
City of Houston on March 30, 2005. Under the
agreement the City annexed a portion of the land
within the District for the limited purposes of
applying a 1% sales tax on commercial
establishments within the tract. The revenues
from that tax will be shared equally between the
City and the District. Because the District
contains a large number of commercial
properties, the sales tax revenue created will
provide a means to decrease the MUD tax rate for
both our residents and businesses and increase
the funds available to defray the increased
costs of maintaining an older water system,
sewer treatment plant and the associated
transmission lines.
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